The good news and the bad news show

  • 2009-03-05
  • By Remi Troch
Like all countries in the world, the Baltic States, and maybe Latvia more than the others, are severely hit by the economic recession. Latvia's central bank governor has declared his economy "clinically dead" after it shrank 10.5 percent in the fourth quarter (compared to 9.4 percent for Estonia). The sale of utilitarian vehicles dropped by 84.7 percent in January 2009 compared to a year before. The governments of different countries try to react to this economic situation with various 's sometimes contradictory 's measures: increasing some taxes and at the same time decreasing other taxe...
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